CHS has warned crop growers regarding the approaching hurdle in the US agricultural economy. The net farm income across the US is expected to drop to $54.8 billion in 2016 owing to surplus production.
Industry
Crate Technology Raised $4 Million Seed Fund to Develop Next Generation SQL
The winner of 2014 TechCrunch Disrupt Europe startup Battlefield announced its seed funding round. Crate announced the funding on Tuesday.
Aurora Flight Sciences Develops Vertical Takeoff X-plane with Defense Agency and Investment Firm
Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.
Altice FY15 adjusted EBITDA rises 17.6% helped by Portugal, France and US units
Altice reported a rise in 2015 adjusted profit as sales improved in its France business division. The company expects to report another profitable year in 2016 by focusing more on its core businesses.
Sony Bought Jackson Estate’s Shares for $750 Million, Taking Over Catalogs Including The Beatles and Taylor Swift
The Michael Jackson estate lost its share in the joint venture with Sony Corp. when the music publisher bought Jackson’s share of 50 percent for $750 million. The transaction will wipe out the rest of Jackson’s $500 million debt he left when the artist died in 2009.
Latest News
Toyota Motor Corp. will display its latest vehicle from the Higlander Series. It will be unveiled on March 23 at the 2016 New York International Auto Show. The Highlander's performance and efficiency is boosted with the combination of new engine and transmission.
U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.
Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.
Forge Inc. received a total of $4.5 million in seed fund rounded by Resolute Ventures, True Ventures and WME Ventures. The venture capitalist funded the platform for PC gamers to have no difficulty in sharing short video clips of their favorite games. The Forge app is free to download and is only available on PC.
Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.
A two-day policy meeting of US Federal Reserve will conclude on Wednesday. US Fed Chair Janet Yellen is expected to keep short-term interest rate unchanged for now and may go for a hike in June.
Telstra commits to be a complete technology company and hires the services of former Nokia CEO Stephen Elop and former Optus executive Kevin Russell. With the combined expertise of the two people, Telstra is in for a successful global growth.
European legislators have started grilling multinational companies such as Google, Apple, Alphabet and McDonald's. European nations are feeling the heat of mounting political pressure to check tax evasion by foreign multinational companies.
Justin Trudeau, the new Prime Minister of Canada, has ruled out any possibility of new stimulus funds as new budget deficit is expected to be C$30 billion ($22.5 billion). Canada’s Finance Minister Bill Morneau will present the budget on 22nd of March 2016.
